IRIS Accounts Production v23.3.1.45 10755779 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh107557792022-06-30107557792023-06-30107557792022-07-012023-06-30107557792021-06-30107557792021-07-012022-06-30107557792022-06-3010755779ns10:Originalns15:EnglandWales2022-07-012023-06-3010755779ns14:PoundSterlingns10:Original2022-07-012023-06-3010755779ns10:Originalns10:Director12022-07-012023-06-3010755779ns10:Original2022-07-012023-06-3010755779ns10:Original2023-06-3010755779ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3010755779ns10:Originalns10:SmallEntities2022-07-012023-06-3010755779ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3010755779ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3010755779ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3010755779ns10:Originalns10:FullAccounts2022-07-012023-06-3010755779ns10:Original2022-06-3010755779ns10:Originalns5:CurrentFinancialInstruments2023-06-3010755779ns10:Originalns5:CurrentFinancialInstruments2022-06-3010755779ns10:Originalns5:Non-currentFinancialInstruments2023-06-3010755779ns10:Originalns5:Non-currentFinancialInstruments2022-06-3010755779ns5:ShareCapitalns10:Original2023-06-3010755779ns5:ShareCapitalns10:Original2022-06-3010755779ns10:Originalns5:SharePremium2023-06-3010755779ns10:Originalns5:SharePremium2022-06-3010755779ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3010755779ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3010755779ns10:Originalns10:RegisteredOffice2022-07-012023-06-3010755779ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-07-012023-06-3010755779ns10:Originalns5:LeaseholdImprovements2022-07-012023-06-3010755779ns10:Originalns5:PlantMachinery2022-07-012023-06-3010755779ns10:Originalns5:FurnitureFittings2022-07-012023-06-3010755779ns10:Original2021-07-012022-06-3010755779ns10:Originalns5:LandBuildings2022-06-3010755779ns10:Originalns5:PlantMachinery2022-06-3010755779ns10:Original2022-06-3010755779ns10:Originalns5:LandBuildings2022-07-012023-06-3010755779ns10:Originalns5:LandBuildings2023-06-3010755779ns10:Originalns5:PlantMachinery2023-06-3010755779ns10:Originalns5:LandBuildings2022-06-3010755779ns10:Originalns5:PlantMachinery2022-06-3010755779ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3010755779ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3010755779ns5:Securedns10:Original2023-06-3010755779ns5:Securedns10:Original2022-06-30
REGISTERED NUMBER: 10755779 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Dagenham and Redbridge FC 2017 Limited

Dagenham and Redbridge FC 2017 Limited (Registered number: 10755779)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Dagenham and Redbridge FC 2017 Limited (Registered number: 10755779)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,081,154 1,200,207

CURRENT ASSETS
Stocks 39,896 33,005
Debtors 5 570,182 1,634,112
Cash at bank and in hand 50,556 80,814
660,634 1,747,931
CREDITORS
Amounts falling due within one year 6 438,037 348,175
NET CURRENT ASSETS 222,597 1,399,756
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,303,751

2,599,963

CREDITORS
Amounts falling due after more than one year 7 (644,555 ) (658,626 )

PROVISIONS FOR LIABILITIES (10,760 ) (9,010 )

ACCRUALS AND DEFERRED INCOME (497,658 ) (548,214 )
NET ASSETS 150,778 1,384,113

CAPITAL AND RESERVES
Called up share capital 67,757 62,732
Share premium 7,317,377 6,789,732
Retained earnings (7,234,356 ) (5,468,351 )
150,778 1,384,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Dagenham and Redbridge FC 2017 Limited (Registered number: 10755779)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:





S R Thompson - Director


Dagenham and Redbridge FC 2017 Limited (Registered number: 10755779)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Dagenham and Redbridge FC 2017 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10755779

Registered office: Victoria Road Ground
Victoria Road
Dagenham
Essex
RM10 7XL

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover
Turnover represents income receivable from commercial activities excluding value added tax. Broadcast and
match day income is recognised when related matches are played. Advance season ticket sales are included in deferred income and released to turnover in the relevant season.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - 5% on reducing balance and Straight line over 25 years
Improvements to property - Straight line over 10 years and Straight line over 20 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Dagenham and Redbridge FC 2017 Limited (Registered number: 10755779)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Going concern
The balance sheet at the end of period recorded net liabilities. However, the director believes that sufficient finance is available to the company to enable it to continue trading for the foreseeable future. Therefore the financial statements have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 107 (2022 - 123 ) .

Dagenham and Redbridge FC 2017 Limited (Registered number: 10755779)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022 1,361,234 429,771 1,791,005
Additions - 4,585 4,585
At 30 June 2023 1,361,234 434,356 1,795,590
DEPRECIATION
At 1 July 2022 420,836 169,962 590,798
Charge for year 83,837 39,801 123,638
At 30 June 2023 504,673 209,763 714,436
NET BOOK VALUE
At 30 June 2023 856,561 224,593 1,081,154
At 30 June 2022 940,398 259,809 1,200,207

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 44,327 39,460
Amounts owed by related parties 1,454 4,417
Other debtors 524,401 1,590,235
570,182 1,634,112

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 90,613 72,926
Taxation and social security 127,528 102,021
Other creditors 219,896 173,228
438,037 348,175

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 644,555 658,626

Dagenham and Redbridge FC 2017 Limited (Registered number: 10755779)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 493,274 482,554

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other Creditors (<1 Year) - 12,357
Other Creditors (>1 Year) 560,274 562,381
560,274 574,738

The loan is secured on a fixed and floating charge over all the assets of the business.

9. OTHER FINANCIAL COMMITMENTS

The total financial commitments at the year end is £712,500 (2022: £742,500)

10. ULTIMATE CONTROLLING PARTY

Victoria Road Football LLC is regarded by the directors as being the company's ultimate parent company.